VTG acquires undersea warfare technologies provider ASSETT

VTG will be able to add AI/ML applications and submarine acoustic expertise to its naval systems portfolio.

August 25, 2021

ASSETT provides advanced systems that help maximise warfighter effectiveness. Credit: U.S. Navy photo by Mass Communication Specialist 2nd Class Kevin C. Leitner/Flickr.

Digital transformation solutions provider VTG has acquired undersea warfare and uncrewed systems technologies provider ASSETT.

The companies did not disclose the financial aspects of the deal.

Besides developing artificial intelligence (AI) and machine learning (ML) applications for undersea and uncrewed systems, ASSETT also provides submarine SONAR acoustics and signal processing.

The acquisition will bring AI/ML applications and submarine acoustic know-how to VTG’s naval systems portfolio.

ASSETT has also developed and fielded a prototype integrated control system for combat submersibles as part of mission-critical work to support modernisation in defence.

VTG president and CEO John Hassoun said: “Submarines, unmanned platforms, and AI/ML-enabled C5ISR systems will play an increasingly important role in distributed maritime operations.

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“ASSETT is developing the solutions and emerging technologies that will be foundational to this dispersed and networked fleet architecture.

“We look forward to bringing these transformational technologies and expertise to the Navy as well as customers across the defence enterprise and intelligence community.”

ASSETT’s primary capabilities include systems and cybersecurity engineering, software development, and data science.

All these technologies will now be part of VTG’s solutions portfolio, which the company will use for further development, fielding, and commercialisation.

ASSETT president and retired rear admiral Jim Shannon said: “As a result of this acquisition, ASSETT employees will enjoy expanded growth opportunities and our combined clients will have access to a wider array of expertise, tools, and technologies to help them achieve their goals.”

Last month, VTG secured a prime, single-award contract from the US Naval Surface Warfare Center, Port Hueneme Division (NSWC PHD).